New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-03-04
CLOSING PR1oss OF PafLA OsLPaIA srooS&
THURSDAY. March 3-P. n.

THURSDAY, march J-f. ~.
The days stock market quiet and developed no feat
ures new TO the readers OF THE TRIBUNE Dulness ana
gradual hardening In values the prominent charac
teristos OF dealings There were indications or
broadening interest aud strictly commission brokers
we're than Usually supplied with purchasing ORDERS
But In marke, which turns ont only 250.06t shares
for the days transactions, there cannot DO much
sad about expansion OF tho general interest Inc rs
however, that on small business there should DC
general gains In values ranging from u to per cent
evidence OF scarcity OF stocks In the market
Seemingly new buyers waiting for tho nnal ADJOURN
rnen OF Congress. and also 10 know how much OF now
little there Is in the much talked about approaching
strngency In money Aside from the usual furry about
April l. there really seems TO be no reason to
anticipate any change In the condition OF the money
market Tho Government disbursements during the next
fifteen days will DO very largo Our exports OF cereals
and OF large almost TO preclude the idea OF
the usual spring portation OF gold the Trade Dollar
bill law. either by the signature oil the Presi
dent or by his failure veto H. there Will be AN instan
imitation OF legal money TO an amount OF between
Sc 900 900 and Ss,OO0,000. This last Item barring
exports OF gold will 10 far toward aleviat-
ing tho usual April furry in tho money
market The market Is waiting for
final solution Of the monetary question "ouldoe buy
ers have read that the monetary situation Is critical
one that tho banks fearfuy extended In their oans
and that those loans made upon stock colaera,
therefore thai In case OF sou thPotSo "No"
tnued absorption OF money by the Treasury the banks
would DO forced 20 mako such "a contraction In
their hans as would compel borrowers To seek
market for their stocka Tho theory only lacks sound
meas from its premises. Probably not In
years have bank loans TO stock brokers and stock
speculation. been small as they arc at this time The
larger volume OF bank loans now than year or two
years ago. reflect the utter sagnaton which has
III In speculative circles during the last three months
but It does reflect great Advancement In the general
business country and enterprises which are
taxing the capacities OF existing railways The almost
gains In railroad earnings which are reported
are not due either bull" or "bear" operations In
Wall Street but they the reflection OF a larger vol
uine OF legitimate business tnc greater movements or
merchandise both East aud West and North and South.
ana the greater apaces OF the people 90 consume In
todays stock market 81. Paul, Philadelphia and Read
ipg Western Union Richmond and West Polot New
York and New England Lake Shore and Green Bay
Winona and st. Paul the predominant active stocks
that a. those wero tho stocks which were tho days favor
tics With spectators Probably In them there was some
buyng for tho closing OF short" accounts. but the
whole st ruled strong from the beginning TO the end
Government bonds were dull and steady. Yesterdays
renorted sale OF 1900 900 registered 2s error OF
the official report only $500 Annexed arc the
closing quotations: